United Kingdom: Refrigerating Show-Cases Market 2024

Refrigerating Show-Cases Market Size in the UK

In 2023, the UK refrigerating show-cases market decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. Over the period under review, consumption, however, showed a strong expansion. Over the period under review, the market hit record highs at $X in 2022, and then dropped remarkably in the following year.

Refrigerating Show-Cases Production in the UK

In value terms, refrigerating show-cases production contracted slightly to $X in 2023 estimated in export price. Overall, production, however, continues to indicate a mild setback. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Refrigerating show-cases production peaked at $X in 2014; however, from 2015 to 2023, production remained at a lower figure.

Refrigerating Show-Cases Exports

Exports from the UK

After two years of growth, shipments abroad of refrigerating or freezing display counters, cabinets, show-cases decreased by X% to X units in 2023. Overall, exports, however, enjoyed a mild expansion. The pace of growth appeared the most rapid in 2014 when exports increased by X%. The exports peaked at X units in 2017; however, from 2018 to 2023, the exports failed to regain momentum.

In value terms, refrigerating show-cases exports surged to $X in 2023. The total export value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Ireland (X units) was the main destination for refrigerating show-cases exports from the UK, with a X% share of total exports. Moreover, refrigerating show-cases exports to Ireland exceeded the volume sent to the second major destination, the United Arab Emirates (X units), fivefold. The third position in this ranking was taken by France (X units), with a X% share.

From 2012 to 2023, the average annual growth rate of volume to Ireland amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and France (X% per year).

In value terms, Ireland ($X), France ($X) and Germany ($X) were the largest markets for refrigerating show-cases exported from the UK worldwide, together comprising X% of total exports. The United Arab Emirates, the Netherlands, Lebanon, Poland, Norway, China, the United States, Sweden, Egypt and Switzerland lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Lebanon, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average refrigerating show-cases export price stood at $X per unit in 2023, picking up by X% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2020; however, from 2021 to 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Egypt ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%), while the prices for the other major destinations experienced more modest paces of growth.

Refrigerating Show-Cases Imports

Imports into the UK

In 2023, after two years of growth, there was significant decline in overseas purchases of refrigerating or freezing display counters, cabinets, show-cases, when their volume decreased by X% to X units. Over the period under review, imports, however, enjoyed prominent growth. The pace of growth appeared the most rapid in 2017 with an increase of X%. Imports peaked at X units in 2022, and then fell sharply in the following year.

In value terms, refrigerating show-cases imports declined rapidly to $X in 2023. The total import value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports attained the peak of $X. From 2022 to 2023, the growth of imports failed to regain momentum.

Imports by Country

In 2023, China (X units) constituted the largest refrigerating show-cases supplier to the UK, accounting for a X% share of total imports. Moreover, refrigerating show-cases imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X units), threefold. The third position in this ranking was held by Italy (X units), with a X% share.

From 2012 to 2023, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and Italy (X% per year).

In value terms, the largest refrigerating show-cases suppliers to the UK were Turkey ($X), China ($X) and Italy ($X), together accounting for X% of total imports.

In terms of the main suppliers, Turkey, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average refrigerating show-cases import price stood at $X per unit in 2023, rising by X% against the previous year. Over the period under review, the import price, however, continues to indicate a deep setback. The most prominent rate of growth was recorded in 2015 when the average import price increased by X%. Over the period under review, average import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Austria ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Denmark (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform